Steve Agnew - "Clearly oil futures are in the midst of such a frenzy and so an obvious strategy would be for the central banks to short oil...big time."
Short Oil?? Who is going to loan oil to a central bank to put it into the market? Haven't you seen the effects of going short against the commodities lately. These price run-ups are due to demand for commodities in short supply, not just speculators making a fast buck. The reason the buck is so cheap is that there are so many of them floating around the world that no one wants.
5 Reasons to Save the Greenback [View article]
Short Oil?? Who is going to loan oil to a central bank to put it into the market? Haven't you seen the effects of going short against the commodities lately. These price run-ups are due to demand for commodities in short supply, not just speculators making a fast buck. The reason the buck is so cheap is that there are so many of them floating around the world that no one wants.